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Argentina, IMF Agree to Restructure $44 Billion Bailout
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wsj.comArgentine President Alberto Fernández said Friday that his government reached a deal with the International Monetary Fund to restructure a $44 billion bailout that would help the South American country avert a debt default and currency meltdown after being locked out of global financial markets.
Mr. Fernández, a member of the nationalist Peronist movement, said the agreement will allow the cash-strapped nation to turn around an economy that has been mired in financial turmoil since 2018. The deal will require approval by Argentina’s congress and the IMF’s board.
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